Deutsche Bank AG (DB) Given Underperform Rating at Bank of America Corp.
Bank of America Corp. reaffirmed their underperform rating on shares of Deutsche Bank AG (NYSE:DB) in a report released on Wednesday morning. Bank of America Corp. currently has a $10.00 price target on the stock.
Other equities analysts have also recently issued reports about the company. Barclays PLC cut Deutsche Bank AG from an overweight rating to an equal weight rating and decreased their target price for the stock from $28.00 to $16.50 in a report on Thursday, June 9th. Vetr cut Deutsche Bank AG from a strong-buy rating to a buy rating and set a $16.96 target price on the stock. in a report on Monday, June 20th. Societe Generale restated a sell rating on shares of Deutsche Bank AG in a report on Monday, June 13th. HSBC restated a hold rating on shares of Deutsche Bank AG in a report on Monday, September 12th. Finally, Santander cut Deutsche Bank AG from a hold rating to an underweight rating in a report on Tuesday, September 6th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $18.99.
Deutsche Bank AG (NYSE:DB) traded down 1.361% during trading on Wednesday, hitting $13.405. The stock had a trading volume of 6,303,473 shares. Deutsche Bank AG has a 1-year low of $11.19 and a 1-year high of $30.82. The firm’s market cap is $18.32 billion. The firm’s 50 day moving average is $13.70 and its 200 day moving average is $15.38.
Large investors have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in Deutsche Bank AG by 29.9% in the second quarter. Creative Planning now owns 7,392 shares of the company’s stock valued at $101,000 after buying an additional 1,700 shares in the last quarter. Burney Co. bought a new stake in Deutsche Bank AG during the second quarter valued at $138,000. Oppenheimer & Co. Inc. raised its stake in Deutsche Bank AG by 18.9% in the second quarter. Oppenheimer & Co. Inc. now owns 12,582 shares of the company’s stock valued at $172,000 after buying an additional 2,000 shares in the last quarter. Private Advisor Group LLC bought a new stake in Deutsche Bank AG during the second quarter valued at $193,000. Finally, Rhumbline Advisers raised its stake in Deutsche Bank AG by 0.5% in the second quarter. Rhumbline Advisers now owns 15,415 shares of the company’s stock valued at $212,000 after buying an additional 74 shares in the last quarter. Institutional investors own 24.68% of the company’s stock.
Deutsche Bank AG Company Profile
Deutsche Bank AG is a global investment bank. The Bank is engaged in providing commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.
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